EUR/KRW is currently trading around 1,250 mark. Pair made intraday high at 1,256 and low at 1,249 levels. Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,256 mark. A consistent c…
Pair made intraday high at 1,256 and low at 1,249 levels.
Intraday bias remains slightly bearish till the time pair holds immediate resistance at 1,256 mark.
A consistent close below 1,249 will drag the parity down towards key supports around 1,242, 1,232, 1,229, 1,222, 1,218, 1,209, 1,203, 1,199 and 1,163 marks respectively.
Alternatively, a sustained close above 1,256 will take the parity higher towards key resistances around 1,262, 1,268, 1,272, 1,280, 1,287 and 1,304 marks respectively.
Seoul shares open up 0.10 pct at 2067.62.
We prefer to take short position in EUR/KRW only below 1,249, stop loss at 1,257 and target 1,242/1,232.
